September 06, 2006
Cape Cod Bubble Map documents sales below assessed value
Curious that yesterday's cover story in the Boston Globe, The Summer of their Discontent, did not include the word "housing" or "real estate" despite the reports by one blogger "that home sales on Cape Cod were off some 20.1% year to date and a whopping 30.7% in July as compared to July of 2005."
So to document what's happening there, the Real Estate Cafe created the Cape Cod Bubble map, using information supplied by RealtyInsite.com, to identify properties selling for below assessed value during one thirty day stretch near the end of the sales season (7/22-8/22/06). (It could take a few moments to download):
To scan the complete list of 140 plus properties by community, use the scroll bar on this larger screen format. We assume our readers know more than we do, so add comments, or post additional properties selling below assessed value, by logging onto this map for the Cape, this map for Boston, or this wiki which is waiting for user-generated bubble maps to be added in other overvalued housing markets across the country. It's also easy to start your own local bubble map or republish any of ours to your blog, or even select some of these bubble comps to submit with your offer. Contact The Real Estate Cafe for more information at RECafe@mac.com or 617-876-2117.
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